Liverpool news NHS vaccination centre income boosts St Helens but losses widen PremierLeague-News.Com
PremierLeague-News.Com - During the year St Helens won the Grand Final for the third time in a row
PremierLeague-News.Com - Breaking Sport Transfer News ! Extra income from the Totally Wicked Stadium being used as an NHS vaccination centre helped improve revenue at Super League champions St Helens but its losses continued to grow during its latest financial year. Newly-filed documents with Companies House show the club's revenue increased by £1m to just under £7m in the 12 months to October 31, 2021. However, their pre-tax losses went from £1.1. to £1.6m over the same period. St Helens said their stadium being used as a Covid-19 vaccination centre "provided much need revenue to the club at a time when other income streams were drastically reduced". READ MORE: Click here to sign up to the BusinessLive North West newsletter They added "income streams in most areas of the business suffered" because of continued pandemic restrictions imposed by the Government. St Helens said their revenue also increased due to fans returning to the stadium and one-off room hire income while their losses widened because of Covid-19 restrictions and a rise in depreciation on the stadium "due to a revision of its economic life".
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. A statement signed off by the board said: "St Helens had another successful year in Super League winning the Challenge Cup and the Grand Final. "This was the third consecutive season that the club has won the Grand Final. "The St Helens women's team also had a very successful year winning all three trophies that were on offer. "The Covid-19 pandemic protocols leant that attendances for games during the season were either behind closed doors or with limited attendances. As a consequence, income streams in most areas of the business suffered. "The stadium was designated as an NHS vaccination centre in November 2020. This provided much need revenue to the club at a time when other income streams were drastically reduced." READ NEXT: Sale of Liverpool hotel 30 James Street with £12.5m asking price shelved Coleen Rooney's Liverpool lawyer lifts lid on Wagatha Christie trial as verdict revealed First look at £10m go-karting, bowling and golf venue in former Debenhams store £100m student development completed after being rescued from administration City centre venue Alma De Cuba racked up debts of over £9m before entering administration
Source = PremierLeague-News.Com